economy

PARIS, July 4 — Prime Minister Datuk Seri Anwar Ibrahim in a bold remark called for the need to redefine the terms of engagement between Southeast Asia and Europe, as equals, as co-creators, and as partners in both ties and trade, in a world yearning for balance.

PARIS, July 4 — Malaysia appreciates France’s support for the country’s energy transition and economic transformation mission.

KUALA LUMPUR, July 4 — The Finance Ministry (MOF) indicated that the Sales and Service Tax (SST) does not warrant the hotel room rate increases asserted by some hotel associations.

KUALA LUMPUR, July 4 — OCBC Malaysia has been named as the best small and medium-sized enterprise (SME) bank by Alpha Southeast Asia and best commercial bank for SMEs by Finance Asia, the latter for a second consecutive year.

HO CHI MINH, July 4 — Tetra Pak, a Swedish-Swiss multinational food processing and packaging solutions company, sees strong growth potential in Malaysia and across Asia Pacific beyond the milk category, said its president and chief executive officer Adolfo Orive.

KUALA LUMPUR, July 4 — BMI, a unit of Fitch Solutions, expects Malaysia to maintain its lead as a hub for digital infrastructure investment in Southeast Asia, with Johor remaining a prominent destination for data centre investment.

KUALA LUMPUR, July 3 — The ringgit closed higher against the United States (US) dollar today, supported by improved regional sentiment following a new US-Vietnam trade deal, said SPI Asset Management managing partner Stephen Innes.

KUALA LUMPUR, July 3 — The expansion of the scope of the Sales and Service Tax (SST) can control the cascading effect on all goods because it is implemented in a targeted manner and not comprehensively, which will burden the people, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

PARIS, July 3 — Europe’s Airbus is close to winning an order from Malaysia Aviation Group for more A330neo long-haul jets, industry sources said yesterday.

KUALA LUMPUR, July 2 — The ringgit closed lower against the United States (US) dollar today, as fading hopes of a trade deal ahead of the upcoming US tariff deadline weighed on investor sentiment.

KUALA LUMPUR, July 2 — The retail prices of RON97 petrol and diesel in Peninsular Malaysia have been reduced by three sen, now set at RM3.18 and RM2.85 per litre respectively, from July 3 to July 9.

ROME, July 2 — Prime Minister Datuk Seri Anwar Ibrahim today met top executives from three leading Italian firms on the second day of his working visit to Italy.

KUALA LUMPUR, July 1 — The ringgit closed higher against the United States (US) dollar today, supported by improved sentiment towards emerging market currencies amid a weaker greenback.

KUALA LUMPUR, July 1 — Business conditions in the Malaysian manufacturing sector moved closer to stabilisation at the end of the first half of 2025, said S&P Global Market Intelligence.

KUALA LUMPUR, July 1 — The ringgit extended its upward trend at today’s open, buoyed by persistent weakness in the US dollar.

KUALA LUMPUR, June 30 — The ringgit closed higher against the United States (US) dollar today, buoyed by improved regional sentiment.

KUALA LUMPUR, June 30 — The banking system's liquidity position remained healthy in May, supporting financial intermediation, said Bank Negara Malaysia (BNM).

PUTRAJAYA, June 30 — Malaysia’s labour market gained momentum in 2024, recording its strongest post-pandemic performance yet, with key indicators showing improvement and stability expected to persist into 2025, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, June 30 — Malaysia’s official reserve assets amounted to US$119.59 billion (RM503.77 billion) as of end-May 2025, while other foreign currency assets stood at US$955.2 million (RM4.02 billion), according to Bank Negara Malaysia (BNM).

PENANG, June 30 — Malaysia is on its way to become Southeast Asia’s leading electric vehicle (EV) hub with the official launch of a lithium-ion battery separator facility today.